Guangdong Syntrust GK Testing and Certification Tech Service Center (8629) H1 2026 earnings summary

Executive summary

• H1 2026 revenue was RMB47.00m versus RMB24.96m; profit for the period rose to RMB4.56m from RMB1.89m, supported by newly consolidated businesses and higher gross margin.

• Construction engineering testing remained the largest revenue stream at RMB33.60m, or 71.5% of revenue.

• Service capabilities covered 49 qualification categories and over 7,320 testing parameters as at 30 June 2026.

Financial highlights

• Revenue was RMB47.00m versus RMB24.96m; gross profit rose to RMB25.51m from RMB12.84m, with gross margin improving to 54.3% from 51.4%.

• Profit before tax was RMB5.95m versus RMB3.28m; profit for the period was RMB4.56m versus RMB1.89m, and basic and diluted EPS was RMB0.09 versus RMB0.04.

• Cost of sales increased to RMB21.49m from RMB12.12m; administrative expenses rose to RMB14.86m from RMB6.88m, mainly due to newly consolidated businesses.

• Net cash used in operating activities was RMB11.32m versus RMB6.67m; cash and cash equivalents were RMB90.52m at 30 June 2026 versus RMB101.69m at year-end 2025.

Outlook and guidance

• Priorities include pursuing building curtain wall and bridge/underground engineering qualifications, expanding in Western Guangdong, and developing food, transport, fire protection and safety assessment services.

• A 2026–2027 information-system upgrade is planned to connect business systems, digitize management and develop localized AI Agent applications.

• Policy priorities in housing safety, water conservancy modernization and transport infrastructure are expected to support demand across safety assessment, hydraulic and transportation testing.